Netflix aims to be a trillion-dollar company, says co-CEO

Comments

• drspod@lemmy.ml ⁨4⁩ ⁨hours⁩ ago

  Their current market cap is 443B with a P/E of 50, so already massively overpriced.

  For comparison, Google P/E is 20, Amazon P/E is 32, Meta P/E is 21, Microsoft P/E is 30.

  They would need to more than double their profits to get to 1Tn market cap with the same joke of a price to earnings ratio. At this point I doubt that will be by doubling their customer base. It’s going to be by cutting corners: paying less for shows which means lower quality shows, cutting bandwidth costs which means lower quality streams, and charging customers more for the pleasure. Classic enshittification incoming.

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• monkeyslikebananas2@lemmy.world ⁨7⁩ ⁨hours⁩ ago

  Well I just canceled my account…

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  • ddash@lemmy.dbzer0.com ⁨7⁩ ⁨hours⁩ ago

    Same here two weeks ago.

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    • wesker@lemmy.sdf.org ⁨7⁩ ⁨hours⁩ ago

      4 years ago for me.

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• RejZoR@lemmy.ml ⁨6⁩ ⁨hours⁩ ago

  Gee, god forbid you remain a mere 800 billion company…

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  • Alexstarfire@lemmy.world ⁨5⁩ ⁨hours⁩ ago

    That’s so 90s.

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• Pavidus@lemmy.world ⁨4⁩ ⁨hours⁩ ago

  I’ve done my part, as has everyone else here in the comments. The disheartening part is that their profits continue to go up. They continue to raise prices so sharply that every time they lose customers, they make more money. Shitting on everyone is a viable business strategy.

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• tracker@sh.itjust.works ⁨6⁩ ⁨hours⁩ ago

  Not with my money…

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• GregorMcIntosh@lemmygrad.ml ⁨2⁩ ⁨hours⁩ ago

  Why? You’re already the most successful streamer of all time. You have more than enough.

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• Sunshine@lemmy.ca ⁨4⁩ ⁨hours⁩ ago

  No thanks I like my Library, NFB, CBC Gem and Knowledge Network.

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• aeronmelon@lemmy.world ⁨6⁩ ⁨hours⁩ ago

  Not with that attitude, they won’t.

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